Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$302,833$262,575
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,514$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$1,404.77$1,818.02
2nd payment$0.00$0.00
Taxes / mo$104.50$104.50
Insurance / mo$150.00$150.00
MI / mo$0.00$52.51
HOA / mo$0.00$0.00
Total monthly$1,659.27$2,125.03
Cash to close$0$29,175